Games for Business and EconomicsWhether you're a veteran in the business game or have just sat down to play, this book will teach you the importance of rules and how to use them to your advantage. Here you can learn the basic strategies for being competitive in a variety of situations, from the blackjack table to the boardroom table. Pull up a chair and prepare to solve gaming problems as they relate to the business and economic environments today. |
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2-person agent auction bargaining game bidder buyer called candidate casino chapter coalition function Competitive Advantage contract core cost credibility deal dollar dominance solvable dominant strategy efficiency expected utility expected value extensive form game in Figure game theory games like Chess high effort Hunt incentive indifference curves Kalai-Smorodinsky Liar's Poker lose low effort market game market niche matching Matching Pennies matrix million mixed strategy Nash Nash bargaining solution node normal form offer outcome payoff vector percent perfect information player 1's possible Pot of Gold principal Prisoner's Dilemma probability distribution problem profits pure strategy pure strategy Nash repeated game replicator dynamics seller sequential equilibrium shown in Figure shows signal solve strategy Nash equilibrium strictly dominant subgame perfect equilibrium Suppose symmetrical game Telex theorem three players tion total payoff u₁ u₂ United utility function voters voting weakly dominates zero zero-sum game นา